Dycom Industries (NYSE:DY) Issues Q2 2026 Earnings Guidance

Dycom Industries (NYSE:DY - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.740-3.050 for the period, compared to the consensus estimate of 2.800. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Dycom Industries also updated its FY 2026 guidance to EPS.

Dycom Industries Stock Performance

Shares of DY stock opened at $192.69 on Wednesday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.29 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $207.20. The firm's 50-day simple moving average is $164.35 and its two-hundred day simple moving average is $173.88.

Dycom Industries declared that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Dycom Industries in a research note on Monday, April 21st. They set an "overweight" rating and a $200.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday. B. Riley reduced their price objective on shares of Dycom Industries from $234.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Raymond James boosted their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the company a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, KeyCorp reduced their price objective on shares of Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Dycom Industries currently has a consensus rating of "Buy" and an average price target of $201.89.

Institutional Investors Weigh In On Dycom Industries

A hedge fund recently raised its stake in Dycom Industries stock. Jones Financial Companies Lllp raised its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 4,626.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,174 shares of the construction company's stock after purchasing an additional 2,128 shares during the quarter. Jones Financial Companies Lllp's holdings in Dycom Industries were worth $331,000 at the end of the most recent reporting period. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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